and with oil dropping so worthless. $70,000 - $80,000 to drive a few miles then sit at a recharge station for an hour to drive a few more miles. Give me a break.
covert Syriza drachma plan now in Greece parliament discussion, while Europe Creditors sit on their hands over stalled bailout meetings. Sure looks Ugly for Europe - but great for Gold ramp UP.
Huge Market Sell Off Coming Next Week as members of Greece's leftist government discuss a raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports on Sunday that highlighted the chaos in the ruling Syriza party. It is not clear how seriously the plans, attributed to former Energy Minister Panagiotis Lafazanis and former Finance Minister Yanis Varoufakis, were considered by the government and both ministers were sacked earlier this month. However the reports have been seized on by opposition parties who have demanded an explanation.
LET"S GET READY TO RUMBLE
As market dives - gold rockets higher as word spread Greece does not want to meet with Creditors. Come Monday Dow down 200 points as gold jumps $40.
Talks between Greece and its international creditors over a new bailout package will be delayed several days because of organizational issues, a finance ministry official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund were supposed to start on Monday after being delayed for issues including the location of talks and security last week. A finance ministry official, who declined to be named, said talks between the technical teams of the lenders will start on Tuesday or Wednesday, while the mission chiefs will arrive in Athens later in the week.
Boy this supposed bailout negotiation is starting off really, really BAD. And might just end really, really BAD.
Not me, especially if the company reports a quarterly miss which could send the stock below $120. Tesla over priced stock is now running on fumes and with oil dropping through 2016, Tesla stock is set up for a 50% drop or more. You have been warned - Longs.
but tesla cars do burn less fuel then SpaceX rockets when lit on fire. Now the only question is which crashes further going into 2016. Overpriced, over hyped tesla cars or Space X Rockets that crash and burn in junk yards???
Can't rush those Geek bailout talks, especially when no one really wants to lend another dime to this broken, back stabbing nation on the Mediterranean. Germany wants Greece out but Syriza wants more free Euros for promises and pipe dreams.
Uvxy and Tvix are really based on three things. Nuclear war, astroid impact warning and the death of the Fed. If none of the above happen in our lifetime then these two (short) eft's continue to trade down, down, down
and in the end Germany will get what it wants. Grexit and all the Southern PIGs brought in line to march to Berlin's tune.
"Putin pointed out that there will be consequences, that Russia will have to resort to a response of the military kind and re-orientate our troops and missiles," he said. "The country that joins Nato needs to be aware of the risks it is exposing itself to." Time to arm the Ukrainians and send more Nato troops to Baltic states and Sweden.
Little Hitler (Putin) seems to of crossed the line with his war with Sweden statement.
The Russian ambassador to Sweden has claimed that Moscow would take "countermeasures" should Sweden join the military alliance. Viktor Tatarinstev made the threat during an interview with Swedish newspaper Dagens Nyheter. He said that there would be "consequences" if Sweden became the latest nation to join NATO, writes Zachary Davis Boren for The Independent. Time for Europe and Obama to arm Ukraine and then send troops to Sweden and Baltic states to kick Putin's behind.
Now someone please tell me how this deal get done when Germany has steadfast said "debt is debt and the Greeks must payback (overtime) what they owe. In other words Germany says "we are not the bank the lends out only to write off massive debt. The IMF seems to think everyone should write off Greece debt, since its the decent thing to do since the Greeks don't know who to make money. They only know who to spend it. IMF is wacko since they think they can tell the Fed what to do (no rate hike this year) and now they think the can tell the Germans (write off 200 billion) of Greek debt and start over building more massive debt.
Christine Lagarde’s should be fired on the spot or take a very early leave of absence sometime next month.
and you know September is only a few short weeks away. OUCH
The answer to that is why would Tspiras say "Vote NO" to last week's austerity package and after Greek's vote NO, Tspiras agrees to sign a more severe austerity package. Greece is one messed up country but the leadership is really fawked up.
OH MY - How will the German Legislator handle this news when the majority of Germans don't want to give Greece a dime. IMF now seems as much of a threat to do in Greece deal if Greece Parliament doesn't beat them to it. TIMBER
as news breaks that the Greek Parliament will not support the Merkel - Taipras agreement. With the majority of the Syriza party in a frenzy and other far left parties smelling blood - Wednesday will be disaster for world stock markets and Europe Creditors. Because the Greek's will stand up and show their middle finger to all who threaten their very existence.
Let's see who the bull reacts tomorrow when 2/3 of Greece want to burn Tsipras at the stake and other third want him to resign? Come Wednesday you will see the biggest Circus of all time as the Greek Parliament fractures and passes NOTHING.
EU will accept anything for Greece since the EU know Germany picks up the bill. IMF plays it both ways, but they really can't control anything since Greece owes them 7.7 billion Euros NOW. ECB and Draghi seem to be out of patience with Greece but Draghi is a Yellen with man pants - so he might try to keep funneling Euros to broken Greek Banks. Its all comes down to Merket and Wolfgang and right now Wolfgang is showing some serious Muscle and Spock Logic. Good combination when a solid majority of Germans don't want to give Greek's a dime.